Question

3 points difference between demand amd supply​

Answer 1

Answer:

Demand :-

1. It is created by the consumers

2. It is done with the motive to satisfy human desires or wants

3. A demand curve abiding by the law of demand is always downward sloping .

Supply :-

1. It is created by suppliers or sellers

2. It is done with the motive of profit maximization or sales maximization

3. A supply curve abiding by the law of supply is always upward sloping.